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Benchmark Sensex and Nifty edged higher to close at fresh record highs on Thursday driven gains in metal and FMCG shares amid firm global trends and foreign fund inflows. In a highly volatile trade, the 30-share BSE Sensex advanced 33.40 points or 0.05 per cent to settle at a new peak of 74,119.39. During the day, it jumped 159.18 points or 0.21 per cent to hit an all-time high of 74,245.17.